28 FinTech rounds from last week you should know about
The WealthTech and cryptocurrency FinTech sectors were among some of the winners of the investment rounds recorded last week.
Anti-money laundering market to be worth $1.99bn by 2025
The global market for solutions preventing money laundering is set to skyrocket to be worth $1.99bn by 2025.
Clunky identity verification and AML practices hold back banks from winning at online banking
Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.
How different RegTechs tackled the Covid-19 crisis
More than nine months into the coronavirus pandemic, different segments of the RegTech industry has been responding to the crisis in various ways.
BGL Group launches AI tool to prevent false auto claims
BGL Group has launched an AI-powered counter fraud pre-sale technology solution, which will be capable of identifying criminal activity.
FCA bans two Vanguard Wealth Management directors
The Financial Conduct Authority has banned two Vanguard Wealth Management directors from performing regulated activity because of their roles in the submission of false and misleading information about customers’ high net worth status.
LuxTrust taps Cryptomathic for its e-signature services
E-signature RegTech Cryptomathic has inked a deal to supply its services to LuxTrust, the electronic identity company representing over 95% of Luxembourg’s active population.
Paynetics buys Wirecard’s corporate card portfolio
FinTech Paynetics has acquired the corporate payout card portfolio of Wirecard UK and Ireland.
The FinCEN Files showcases how outdated some countries’ financial crime rankings are
Following the release of the FinCEN Files in September, RegTech Sigma Ratings shows how old risk ratings on financial crime are often static and out of date.
Financial institutions struggle with money laundering and Covid-19 is making matters worse
Banks struggle to detect money laundering and Covid-19 is making the situation worse, according to new research from BAE System.